Elara Capital (India) (Manager to the Offer) for and on behalf of Neostar Developers LLP (Acquirer I), Aditya Infotech (Acquirer II), and Chintan Vijay Valia (Acquirer III) (collectively referred to as ‘Acquirers’) along with Sudhir V. Valia (PAC I), Raksha S. Valia (PAC II),Vijay M. Parekh (PAC III)and Paresh M. Parekh (PAC IV), in their capacity as persons acting in concert with the Acquirers (collectively referred to as ‘PACs’) has informed this Post Offer Announcement to the Shareholders of Fortune Financial Services India (Target Company’), pursuant to and in compliance with regulation 18(12) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (as amended) (SEBI (SAST) Regulations, 2011) in respect of the Open Offer made by the Acquirers and the PACs (‘Open Offer’, or ‘Offer’) to acquire up to 73,69,958 fully paid-up equity shares of the Target Company having a face value of `Rs 10 each (Equity Shares), representing 26% of the fully paid Voting Share Capital of the Target Company as of the 10th Working Day from Closure of Tendering Period. The detailed public statement (DPS) with respect to the Open Offer was published on Thursday, December 04, 2014 and subsequently the Letter of Offer dated March 11, 2015 (the ‘Letter of Offer’) with respect to the Open Offer was dispatched to the shareholders of the Target Company on March 13, 2015. Capitalised terms used but not defined in this Advertisement shall have the meaning assigned to such terms in the DPS and the Letter of Offer, as applicable.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
| View more.. | |
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